First Solar Stock Has Risen 44% in 2017
Stock performance so far
Let’s compare First Solar’s (FSLR) and peers’ performance so far in 2017. Most solar energy stocks have performed well in 2017, except for Yingli Solar (YGE). As of September 26, 2017, FSLR stock had risen 44%.
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Performance in 2017
During the same period, Yingli Solar had lost 11.9%, and SunPower (SPWR) had gained 9.2%. JA Solar (JASO) stock outperformed all others, rising 58.6%. The Guggenheim Solar ETF (TAN) had gained 27.7%, while the SPDR S&P 500 ETF (SPY) had gained 11.4%.
Solar panel prices have fallen over the years, while panel efficiency has improved multifold. The cost of solar panel installation was $3.36 per watt in 2016, compared with $8.82 per watt in 2008. This fall has prompted more companies and households to opt for solar energy. According to analysts, favorable regulations will have a positive effect on First Solar.
According to the US International Trade Commission, cheap imported solar products are harming US solar manufacturers. The commission is seeking penalties, such as taxes, on imported solar products.
However, the Solar Energy Industries Association has warned of a rise in the price of solar energy if penalties are implemented, which would result in lower demand. Many companies are also anxious about an increase in prices if imports are banned, as it could impact ongoing and future projects.